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Brazilian QI Tech acquired Autobanking, a vehicle-financing platform, expanding into automotive lending. Autobanking founders Fredy Evangelista and Heitor Orletti join QI Tech as partners. Autobanking serves over 80 businesses across 1,000 sales locations and generates about $9.2M in annual revenue. QI Tech projects $330M to $366M in revenue this year.
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Summary by ByteBrief
China startup funding stays strong in June